STOCK TITAN

Backblaze, Inc. - $BLZE STOCK NEWS

Welcome to our dedicated page for Backblaze news (Ticker: $BLZE), a resource for investors and traders seeking the latest updates and insights on Backblaze stock.

Backblaze, Inc. (Nasdaq: BLZE) is a prominent provider of cloud storage and backup solutions. Founded in 2007 and headquartered in San Mateo, CA, Backblaze offers a range of services designed to make data storage, management, and protection easy and affordable for individuals and businesses worldwide.

The company's flagship product, Backblaze B2 Cloud Storage, is a consumption-based Infrastructure-as-a-Service (IaaS) solution that allows customers to store and manage data efficiently. Ideal for developers and IT professionals, B2 Cloud Storage supports use cases such as backups, multi-cloud setups, application development, and ransomware protection. Priced at $0.005/GB/month, it is one of the most cost-effective solutions in the market.

Another key offering is Backblaze Computer Backup, which provides unlimited backup for personal and business computers at $5/month. This service automatically backs up data from laptops and desktops, ensuring that critical information is always protected and accessible.

The company's robust cloud infrastructure, known as the Backblaze Storage Cloud, supports over three billion gigabytes of data for more than 500,000 customers across 175 countries. Backblaze's solutions are integral for building applications, hosting content, managing media, and archiving important data.

Recent achievements highlight Backblaze's commitment to innovation and expansion. The company reported 47% revenue growth in B2 Cloud Storage and 25% overall revenue growth in Q4 2023. Additionally, Backblaze has been added to Carahsoft’s NASPO ValuePoint contract, simplifying procurement processes for state, local, and educational institutions. This partnership enhances Backblaze’s reach in the public sector, offering affordable and reliable data management solutions.

In the media and entertainment sector, Backblaze has joined the Trusted Partner Network (TPN), demonstrating its commitment to rigorous information security standards. This membership is crucial for safeguarding intellectual property and ensuring secure content exchange.

Furthermore, Backblaze has launched Live Read, a patent-pending feature that enhances media workflows by allowing teams to edit and share content while files are still uploading. This innovative service is set to revolutionize live media use cases, speeding up engagement and revenue generation.

Backblaze's dedication to affordability, ease of use, and security makes it a leading choice for cloud storage and backup. For more information, visit www.backblaze.com.

Rhea-AI Summary

Backblaze (Nasdaq: BLZE) has partnered with Coalition to enhance cyber risk protection and compliance. The partnership integrates Backblaze Computer Backup into Coalition's cyber risk management platform, Coalition Control®. This initiative aims to close gaps in business continuity planning, providing businesses with an enterprise-grade, unlimited backup solution. With ransomware incidents rising over 15% from FY '22 to FY '23 and average ransomware demands nearing $1.4 million, the partnership offers a proactive approach to cyber insurance coverage and data security. Coalition's platform, serving over 80,000 customers across the US, Canada, Australia, and the UK, now includes Backblaze's user-friendly and comprehensive backup solution, aiding businesses in improving their cyber incident remediation and compliance.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.56%
Tags
partnership
-
Rhea-AI Summary

Backblaze has launched Backblaze B2 Live Read, a new cloud storage service that allows media production teams to access and edit content while it's still uploading, significantly accelerating workflows.

Live Read eliminates the need for on-premises storage, catering to live event producers. Leading media solution providers like Telestream, Glookast, and Mimir are integrating this service.

Key benefits include real-time highlight creation, reduced on-site staff, and rapid content distribution. The service supports high-resolution workflows and is easily accessible via S3 APIs.

Live Read is currently in private preview, with general availability planned later this year.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.34%
Tags
none
-
Rhea-AI Summary

On May 16, 2024, Backblaze (Nasdaq: BLZE) announced its new membership in Internet2, a non-profit technology community focused on research and education. The collaboration links Backblaze's Storage Cloud to Internet2's high-speed network through the Internet2 Peer Exchange (I2PX) program. This partnership aims to provide compliant and efficient cloud storage solutions to research and educational institutions dealing with large datasets.

Backblaze will participate in the Internet2 Cloud Scorecard, ensuring its cloud solutions meet security, compliance, and technical standards. Internet2 includes 330 U.S. colleges, universities, and other related organizations. The partnership is designed to address data storage challenges such as ransomware attacks, budget constraints, and compliance issues, offering affordable and efficient data solutions. Backblaze's S3 compatible object storage offers a cost-effective alternative to traditional providers, with significant savings and better egress options.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.68%
Tags
none
Rhea-AI Summary

Backblaze, Inc. (Nasdaq: BLZE) will be presenting at the 19th Annual Needham Technology, Media, & Consumer Conference in New York, NY. The founder and CEO, Gleb Budman, will be presenting on May 15, 2024, at 10:15 a.m. ET. The presentation will be webcasted and available on Backblaze's investor relations website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.83%
Tags
conferences
-
Rhea-AI Summary

Backblaze, Inc. (Nasdaq: BLZE) reported a 28% revenue growth in Q1 2024, with B2 Cloud Storage revenue increasing by 47%. Gross profit increased to $15.8 million, with adjusted EBITDA margin at 6%. The company introduced Event Notifications and announced a partnership with Axle AI. Annual recurring revenue was up 27% to $122.1 million. Financial outlook for Q2 2024 includes revenue between $30.7 to $31.1 million and adjusted EBITDA margin between 6% to 8%. For full-year 2024, revenue is expected to be between $126.0 to $128.0 million.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-24.32%
Tags
-
Rhea-AI Summary
Backblaze, Inc. (Nasdaq: BLZE) will announce its first quarter 2024 financial results on May 8, 2024, after market close. The company, a leading cloud storage platform, will host a conference call and webcast to discuss the results. Shareholders can submit questions in advance through the Say Connect platform. The webcast will be available on the Investor Relations page of the Backblaze website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.11%
Tags
Rhea-AI Summary
Backblaze, Inc. (BLZE) launches Event Notifications service to enable automated cloud workflows, empowering businesses to streamline processes and improve user experiences. The service allows instant data updates across different cloud platforms, eliminating the need for legacy intermediary tools like AWS messaging services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.32%
Tags
none
-
Rhea-AI Summary
Backblaze, Inc. (BLZE) has joined the Trusted Partner Network (TPN) owned by the Motion Picture Association (MPA) to enhance trust and security in media workflows. This move showcases Backblaze's dedication to upholding TPN standards and serving the security needs of media and entertainment companies amidst evolving content workflows and cyber threats.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.61%
Tags
none
-
Rhea-AI Summary
Backblaze Inc. (BLZE) will be showcasing new features and partnerships at the 2024 NAB Show to aid media teams in adapting to evolving technology. The company will focus on automating cloud workflows, enhancing media archive search with AI, and boosting security standards. Various presentations will cover topics like AI tools, remote production, media workflow optimization, and efficient content repository building.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.99%
Tags
none
Rhea-AI Summary
Backblaze, Inc. (BLZE) has earned inclusion in StateRAMP’s Progressing Snapshot and the TX-RAMP Provisional programs, enhancing data security for education and government entities. The programs standardize security requirements, empowering public institutions to level up their security posture with verified security standards.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.69%
Tags
none

FAQ

What services does Backblaze, Inc. provide?

Backblaze offers cloud storage and backup solutions, including B2 Cloud Storage and Computer Backup for individuals and businesses.

How much does Backblaze's computer backup service cost?

Backblaze offers unlimited computer backup for $5 per month per machine.

What is Backblaze B2 Cloud Storage?

B2 Cloud Storage is a consumption-based IaaS solution for storing data, building applications, and managing media, priced at $0.005/GB/month.

How many customers does Backblaze serve?

Backblaze serves over 500,000 customers in more than 175 countries.

What recent achievements has Backblaze reported?

Backblaze reported 47% revenue growth in B2 Cloud Storage and 25% overall revenue growth in Q4 2023.

What is the NASPO ValuePoint contract addition?

Backblaze's products have been added to Carahsoft’s NASPO ValuePoint contract, simplifying procurement for public sector entities.

What is Backblaze's Live Read feature?

Live Read allows media teams to edit and share content while files are still uploading, speeding up workflows and engagement.

What regions contribute to Backblaze's revenue?

The majority of Backblaze's revenue comes from the United States, with additional contributions from the United Kingdom, Canada, and other regions.

What is the Trusted Partner Network (TPN), and why is Backblaze a member?

TPN is an initiative to advance content security in the media industry. Backblaze's membership demonstrates its commitment to rigorous information security standards.

What is Backblaze's approach to cloud storage for educational institutions?

Backblaze has joined Internet2 to provide compliant, affordable, and high-performance cloud storage solutions for educational and research institutions.

Backblaze, Inc.

Nasdaq:BLZE

BLZE Rankings

BLZE Stock Data

249.65M
35.70M
23.39%
27.43%
3%
Software Publishers
Information
Link
United States of America
SAN MATEO